| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 53% | 52% | 1.3% |
| Shorts | 47% | 48% | -1.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The New Zealand Dollar declined by 30 pips or 0.45% against the US Dollar on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session.
Everything being equal, the NZD/USD exchange rate could continue to decline during the following trading session. A breakout through the lower boundary of a descending channel pattern could occur.
However, if the channel pattern holds, bullish traders are likely to pressure the currency exchange rate higher within this session.